Recent property list

Recently, China Evergrande officially announced in legal tender that its property has formally submitted the listing application form to the Stock Exchange. In other words, Evergrande Real Estate will be listed on the main board of the Stock Exchange. And then issue shares to the world. It is understood that as early as September 25, 2020, Evergrande's plan to spin off its property management business and list it on the Hong Kong Stock Exchange has been officially approved by the Hong Kong Stock Exchange.

At present, Evergrande still has conditions. Under this condition, the joint venture shareholders of the company will release their shares worldwide and obtain the guarantee amount for providing Evergrande Real Estate. At present, Evergrande Group indirectly holds 765,438+0.94% interest in Evergrande Real Estate. After the listing, Evergrande Real Estate will remain a subsidiary of the Company. Evergrande Group also stated that the split group mainly provides property management services and related value-added services in China. The spin-off group is one of the largest and fastest-growing comprehensive property management service operators in China.

Evergrande also believes that the spin-off business has developed to a scale sufficient for independent listing, and the directors believe that the proposed spin-off is in the interests of the Group. The main reasons are:

The spin-off will give the company and its shareholders the opportunity to realize the investment value of the spin-off business on the independent platform of the spin-off group; Maximize profits. The spin-off will enable the spin-off group to establish its position as an independent listed group, have an independent financing platform, and expand its investor base through global offering. The spin-off will enable the company to provide funds for its existing business and future expansion without relying on the company, which will also improve the efficiency of its operation and financial management. The spin-off will enable the spin-off group to enhance its corporate image, thus enhancing its ability to attract direct investment from strategic investors. In addition, the listing of Evergrande Real Estate on the Hong Kong Stock Exchange will make its spin-off business get more prominent development in their respective businesses, and enhance its reputation, so as to improve its operating performance and realize its value better. It can also further optimize the operating and financial transparency of Evergrande Real Estate, so that investors can better independently evaluate its operating performance and financial status.